20 Tilley, New London, CT 06320
10 Units   |   0 Beds   |   4076 Sqft

$850,000
94 Days on Market - Active


Legal boarding house with nine guest rooms and one fully furnished apartment. currently rented as medium term housing with a 30 day minimum. access to fully equipped kitchen, dining room, parlor and sitting room. shared bathrooms are in the hallway. 2-story building: 6,610 sf with full basement. room rates vary from $800 to over $2,000 per month in high season. gross annual income approximately $120,000 and noi of $74,000. 7 cap. just steps from restaurants, galleries, waterfront park, ferries and train station in new london's downtown historic district. please also see mls #170620574.